Karachi, June 23, 2023 – In a significant downturn, the price of gold has plummeted by Rs1500 per tola in Pakistan on June 23, 2023, mainly due to diminished demand and a decline in international markets.
READ MORE: Gold Rate Falls in Pakistan on Thursday
The local market witnessed a notable drop in the value of 24-karat gold per tola, reaching Rs217,000. Similarly, the price of 24-karat gold per 10 grams also experienced a substantial decline of Rs1,285, concluding at Rs186,043.
READ MORE: Gold Rate Falls in Pakistan Amid PKR Appreciation, International Market Decline
The international gold rate experienced a decline of $10, with the price per ounce settling at $1,919. Analysts attribute this downward trend to a decrease in investor interest, particularly in light of the upcoming Eid holidays.
READ MORE: Gold Rate Eases in Pakistan Amid Stable International Markets
This decrease in gold prices poses an opportune moment for buyers and investors seeking to capitalize on the market fluctuations. However, market experts caution that the current slump in demand and global factors may impact gold prices further. Stay tuned for the latest developments and fluctuations in the gold market as we navigate the post-holiday period.
READ MORE: Gold Rate in Pakistan Witnesses Decline of Rs 1,000 on June 19, 2023
